Question about Savings Bonds?
by admin ~ December 10th, 2009 . Filed under: Investing .
Sunday Best asked:
When my daughter was in elementary school, she won two $50 savings bonds. She is now grown, but we don’t know how savings bonds work. Do you cash them in or is it better to let them mature? Can someone explain.
Reginald Straughn
When my daughter was in elementary school, she won two $50 savings bonds. She is now grown, but we don’t know how savings bonds work. Do you cash them in or is it better to let them mature? Can someone explain.
Reginald Straughn
December 13th, 2009 at 12:43 pm
Read the terms and conditions of the saving bond, which is written on or back of the bond.
You cash them.
December 16th, 2009 at 7:30 pm
The us treasure department web site httpwwwtreasurydirectgovindivproductsprod_tbonds_glancehtm.
December 20th, 2009 at 1:56 am
The face value is threemonth interest penalty for you own it or state tax but they are not subject to 30000 per calendar year.